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NLC KICKS AGAINST RECENT INCREASE IN FUEL PRICE

ByCitizen NewsNG

Nov 17, 2020

 

The Nigeria Labour Congress (NLC) has on Monday kicked against the recent increase in price of petrol saying that it is against what Organized Labour agreed with government at the last negotiations after the last fuel price increase.

The NLC in a statement signed by its President, Comrade Ayuba Wabba, Nigerians cannot be made to bleed endlessly for the failures of successive government to properly manage our refineries.

The statement read in part: “While we await the full recovery of our refineries as contained in our agreement with government, Nigerians cannot be made to bleed endlessly for the failures of successive government to properly manage our refineries, ensure value for money for the numerous Turn Around Maintenance (TAM) which were poorly and barely executed and the horrifying lack of interest in prosecuting public officials and private business people who have profited from the rot in our petroleum sector and the collective misery they have imposed on the general population.

“The truth is that we would not have been in this precarious situation if government had been alive to its responsibilities. There is a limit to what the citizens can tolerate if this abysmal increases in the price of refined petroleum products and other essential goods and services continue.

“While we fix our refineries, there are a number of options open to government to stem the tide of high prices of refined petroleum products. One is for government to declare a state of emergency in our downstream petroleum sector. As a follow up to this, government should enter into contract refining with refineries closer home to Nigeria. This will ensure that the cost of supplying of crude oil is negotiated away from prevailing international market rate so that the landing cost of refined petroleum products is significantly reduced”

“Second, we call on government to review the entire process of licensing for modular and bigger refineries. It is queer to depend on the enterprise of one man to fix Nigeria’s downstream petroleum subsector. The more public and private refineries in play the higher the competition. This would serve end consumers who would benefit from lower prices. Organized Labour will not accept a fait accompli of monopoly of Nigeria’s downstream petroleum sector or the emergence of a cartel of Oligarchs whose end game is mass pauperization”

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